AvalonBay Communities (NYSE:AVB) is trading at unusually high volume Tuesday with 2.4 million shares changing hands. It is currently at four times its average daily volume and trading up $3.86 (+3%).

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- AvalonBay Communities (NYSE: AVB) is trading at unusually high volume Tuesday with 2.4 million shares changing hands. It is currently at four times its average daily volume and trading up $3.86 (+3%) at $132.81 as of 2:10 p.m. ET.

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AvalonBay has a market cap of $12.56 billion and is part of the financial sector and real estate industry. Shares are down 1.3% year to date as of the close of trading on Monday.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. The company has a P/E ratio of 47.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AvalonBay as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full AvalonBay Ratings Report.